Bearish Patterns
Bearish patterns in techThe Nasdaq semis NASDAQ:FTXL is forming a head & shoulders top pattern and the Nasdaq NASDAQ:IXIC is forming a cup & handle
Is key that the Nasdaq respects this support area where it converges with its 200-day MA
The semis weight +8% in the index so is a very important component
Are you betting against this?
GOLD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
It makes sense for us to go short on GOLD right now from the resistance line above with the target of 2,385.656 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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GBP/AUD SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the GBP/AUD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.949.
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GBP/USD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GBP/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.313 area.
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Ethereum (ETH) Struggles Below Key Resistance LevelsCurrent Market Activity: Ethereum has been consolidating below the $2,600-$2,900 range after the August 5th capitulation, signaling potential for further downside.
Key Resistance Levels:
$2,600-$2,900: Until Ethereum reclaims this range, bearish pressure remains dominant.
Bearish Scenario: If Ethereum fails to break above this resistance, a drop into the $2,100-$2,300 zone is possible.
Long-Term Outlook: Despite short-term challenges, there is optimism for a stronger crypto market in 2025, driven by a weak Dollar and low interest rates.
Bullish Scenario: Ethereum needs to reclaim the $2,600-$2,900 range to shift momentum back in favor of the bulls.
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BTC Crash to 38K (SHORT) Flash Crash & RecoveryThe market maker may want to get one final flush down to 38k to backtest the January low and flush out all of the long leverage just before they pump the markets. BTC can still flash crash and then turn around and pump within the same weekly candle, avoiding braking the bullish structure. High target could then be 88k to 96k.....
EURGBP => Consolidation phase towards the trendHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84500 support and resistance area.
Trade safe, Joe.
EUR/NZD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
It makes sense for us to go short on EUR/NZD right now from the resistance line above with the target of 1.762 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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NZD/USD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NZD/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.619 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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UPDATED EURUSD IDEA.. BEARISH IS VERY STRONG NOW!The ABCD Cypher pattern formed in daily chart is still valid even after a big US Non farm payroll data released. It showed a good formation to start a strong bearish movement anytime soon on the upcoming week.
I will sell EURUSD in every bounce in the next week!
CHEERS!
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11400 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11400 support and resistance area.
Trade safe, Joe.
EUR/USD 15M Short Trade IdeaI'm watching for a short opportunity on EUR/USD as the market shows signs of weakening around a key resistance zone. Momentum is shifting, and with volatility expected to increase during the New York session, I’m targeting a quick move to the downside. This setup aligns with my strategy for capturing short-term bearish momentum. Let’s see how it plays out!
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.31650 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.31650 area.
Trade safe, Joe.
AUD/NZD Approaching 1.08000 Support Level: Bearish Outlook AheadThe chart of AUD/NZD suggests that the price is approaching a key support level at 1.08000. After a recent downward move, the market is expected to retest this support zone. The downward arrow on the chart indicates an expectation of further bearish movement towards the 1.08000 area. This level could act as a potential reversal point, but a break below could lead to further downside pressure. The market structure appears to be in a corrective phase, with lower highs and lower lows forming.
GOLD SHORT FROM RESISTANCE
Hello, Friends!
GOLD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2,474.891 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GOLD pair.
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BITCOIN DOMINANCE UPDATE: WHEN ALTSEASON?Hey everyone!
Appreciate a like and follow if this analysis helps!
Bitcoin Dominance is a key indicator for potential altcoin seasons. While there's been anticipation, the market hasn't shown significant changes yet. Let's analyze the Bitcoin Dominance chart for clues.
On the weekly timeframe, Bitcoin Dominance has formed a large rising wedge pattern and is approaching strong resistance. This level acted as support in 2019-2020 but has now turned into resistance.
We're currently in a potential "maximum pain zone." This period can present opportunities to accumulate promising altcoins for potential gains during the upcoming bull run.
Important to note: Accumulating now might involve short-term losses of 20-30% due to market manipulation. However, the potential for 20x-30x returns during the bull run makes this risk worthwhile for some.
Key Takeaway:
Seize the Opportunity: Start accumulating quality altcoins now to capitalize on the potential bull run.
Embrace Risk: Be prepared for short-term losses to reap long-term rewards.
Let's discuss it! What are your thoughts on Bitcoin Dominance and the potential for an altcoin season? Share your analysis in the comments below.
CAPE Ratio > Shiller P/E RatioThe Shiller P/E Ratio helps investors understand whether the stock market as a whole is overvalued or undervalued. It is calculated as the current price divided by the average inflation-adjusted earnings per share (EPS) over the past 10 years.
We are currently in one of the most overvalued stock markets, with the Shiller P/E Ratio at 32.61, a level not seen since the late 1990s. During the dot-com rally of tech stocks in the US, the Shiller P/E Ratio reached 44.19. At that time, this high ratio suggested that the market was in a bubble. Are we now in an AI bubble?